What Additional Documents May Be Required when Applying for a Personal Loan

What Additional Documents May Be Required when Applying for a Personal Loan

Each bank, MFI or other organization sets its rules. To get a loan at a pawn shop, it is enough to show an ID and leave something valuable as collateral. You usually only need an ID for a consumer loan in an MFI, while the bank can set more conditions before giving you a loan, especially for a large amount. But there are several general requirements.